About the Program

Angel Investment, Venture Capital & Private Equity — Complete Analyst Program Recorded Program · 40+ Hours of On-Demand 

Learn how private markets work — end to end. From evaluating your first startup pitch deck to building a financial model, running due diligence, writing an investment memo, and preparing an Information Memorandum — structured exactly the way analysts work inside VC funds, PE firms, and angel networks.

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DURATION 8 Weeks of Content

TOTAL HOURS 40+ Hours · On-Demand · Watch Anytime · Rewatch Unlimited

WHO IS THIS FOR Aspiring VC/PE Analysts · Angel Investors · Founders · Finance Professionals · Family Office Executives

Basic finance knowledge helpful. No prior deal experience required.

TARGET ROLES AFTER VC Analyst · PE Analyst · Angel Investor · Startup CFO · Investment Associate VC Funds · PE Firms · Angel Networks · Family Offices · Startup Ecosystem

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The Transformation Promise

"Go from someone who reads TechCrunch funding news to someone who can evaluate a startup pitch deck like a VC, build a driver-based startup financial model from scratch, conduct financial and legal due diligence, write a professional investment memo with a clear recommendation, and prepare a complete Information Memorandum — the full workflow of a private markets analyst."

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What You Will Leave With

✓ A Pitch Deck Critique Report — structured analysis of a real startup deck, the way VCs evaluate in 10 minutes

✓ A Teaser and Cover Note — the first documents that move a deal forward in any angel or VC process

✓ A Startup Financial Model — driver-based, 3-year projection with unit economics and burn analysis, built in Excel from zero

✓ A Startup Valuation Report — using Scorecard, Berkus, Venture Capital Method, and DCF

✓ A Cap Table Model — SAFE notes, convertible notes, equity rounds, dilution waterfall across 3 funding rounds

✓ A Financial Due Diligence Report — quality of earnings, revenue verification, red flags, full DD checklist

✓ A Legal Due Diligence Checklist — IP, compliance, employment, regulatory risk summary

✓ A Written Investment Memo — IC-ready format with investment thesis, risk assessment, and Invest / Pass / Further DD recommendation

✓ A Complete Information Memorandum — structured the way VC firms present to LPs and investment committees

✓ A Capstone Deal Presentation — pitch critique + valuation + DD summary + investment recommendation, portfolio ready

✓ Certificate of Completion — verifiable at analystfactor.com

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CURRICULUM · Module-by-Module Breakdown

9 modules across 8 weeks. Every module mirrors real VC/PE/Angel analyst workflow — you don't study theory, you do the work.

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PHASE 1 — Private Markets Foundation · Modules 1–2 Understand How the Game Works Before You Play It

Module 01 — Private Markets Landscape & Angel Investing 3 Hours · Recorded

• How private markets work — the full spectrum from angel to PE • Angel investing — how angels evaluate deals, write cheques, and manage risk • VC fund structure — LP, GP, management fees, carried interest, fund lifecycle • PE vs VC vs Angel vs Family Office — how they differ in strategy, stage, ticket size, and return expectations • Indian private market ecosystem — key funds, active angels, angel networks, sector themes, notable deals • Investment thesis of a fund or angel — stage focus, sector conviction, return benchmarks • Deal lifecycle — sourcing, screening, due diligence, investment, portfolio management, exit • How analysts spend their time inside a VC or PE firm — day in the life

Deliverable: Indian private markets ecosystem map — angels, VC funds, PE firms, sectors, notable deals, return benchmarks

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Module 02 — Pitch Deck Analysis & Deal Screening 4 Hours · Recorded + Case Studies

• What an angel or VC looks for in 10 minutes — the mental checklist • Pitch deck structure — problem, solution, market, business model, traction, team, financials, ask • TAM SAM SOM — how to evaluate market sizing claims and spot inflated numbers • Business model assessment — unit economics, LTV:CAC ratio, payback period, revenue quality • Traction signals — what counts as real traction vs vanity metrics • Team evaluation — founder-market fit, execution ability, missing skills, red flags • How to write a Teaser — one-page deal summary that opens the conversation • How to write a Cover Note — the framing document that accompanies a pitch deck • Live analysis of 2 real startup decks — one funded, one rejected — understand why

Deliverable: Structured pitch deck critique report + Teaser + Cover Note on a real startup (case study provided)

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PHASE 2 — Startup Financial Modeling · Modules 3–4 Build the Numbers from Driver Assumptions, Not History

Module 03 — Startup Financial Modeling 6 Hours · Recorded + Excel Build

• Why startup models are different — no historical data, driver-based not percentage-based • Revenue model — GMV, take rate, subscription, SaaS MRR and ARR modeling from drivers • Unit economics model — CAC, LTV, payback period, cohort revenue analysis • Cost structure — headcount-driven costs, sales and marketing as % of growth, infrastructure costs • Burn rate and runway — monthly cash burn, runway calculation, when to raise the next round • 3-year P&L, Balance Sheet, and Cash Flow — building a fully integrated startup model • Fundraising scenarios — how much to raise, at what valuation, equity dilution impact

Deliverable: Complete 3-year startup financial model — driver-based, with unit economics, burn rate, and runway analysis

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Module 04 — Startup Valuation Methods 4 Hours · Recorded + Excel Build

• Why standard DCF doesn't work for early-stage startups — and when it does • Scorecard Method — qualitative factors, weighted scoring, valuation range • Berkus Method — 5 risk factors, maximum value per factor • Venture Capital Method — exit value target, expected return, back-calculating entry valuation • Pre-money vs post-money — how valuation affects founder and investor ownership • Cap table modeling — SAFE notes, convertible notes, equity rounds, dilution waterfall • Term sheet key terms — liquidation preference, anti-dilution, pro-rata rights, drag-along

Deliverable: Startup valuation report using 3 methods + cap table model showing dilution across 3 funding rounds

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PHASE 3 — Due Diligence · Modules 5–6 Where Real Analysts Earn Their Place

Module 05 — Financial Due Diligence 5 Hours · Recorded + Case Study

• Financial due diligence framework — what to verify, what to question, what to flag • Quality of earnings — is revenue real, recurring, and growing for the right reasons? • Revenue verification — customer concentration, churn rate, contract quality, cohort retention • Cost structure analysis — hidden costs, one-time items disguised as recurring expenses • Working capital analysis — debtors, creditors, inventory, cash conversion cycle • Debt and contingent liabilities — off-balance-sheet risks, guarantees, pending loans • Financial red flags — related party transactions, aggressive accounting, auditor concerns • Building a financial DD checklist — what every analyst uses before investment committee

Deliverable: Financial due diligence report + complete DD checklist on a provided case study startup

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Module 06 — Legal Due Diligence & Regulatory Framework 3 Hours · Recorded

• What legal DD covers — incorporation documents, shareholding structure, board resolutions, contracts • IP and technology risk — who owns the IP, patents filed, open-source license risks • Regulatory compliance — licenses required, pending litigation, regulatory risk by sector • Employment and HR due diligence — key employee contracts, ESOP documentation, founder agreements • Red flags in legal DD — disputes, unclear shareholding, missing board approvals, undisclosed liabilities • How financial and legal DD interconnect — analyst role in coordinating both workstreams

Deliverable: Legal DD checklist + key risk summary on the case study company

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PHASE 4 — Investment Memo & Information Memorandum · Modules 7–8 The Documents That Drive the Decision

Module 07 — Investment Memo Writing 4 Hours · Recorded + Writing Workshop

• What an investment memo is — its role in the VC and angel investment process • Investment memo structure — executive summary, company overview, market, model, valuation, risks, recommendation • Writing the investment thesis — why this startup, why now, why this team • Risk assessment — market risk, execution risk, competitive risk, regulatory risk • How to present to an investment committee — what they ask, how to defend assumptions • Invest / Pass / Further DD — how to frame your recommendation clearly and confidently • Real memo examples — anonymized — from actual VC deal processes

Deliverable: Full investment memo on the case study startup — IC-ready format with a clear Invest / Pass recommendation

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Module 08 — Information Memorandum Preparation 4 Hours · Recorded + Build

• What an Information Memorandum is — when it's used and who reads it • IM structure — company overview, market opportunity, financials, management profile, transaction details • How an IM differs from a pitch deck and investment memo — purpose, audience, and depth • Preparing an IM like a VC analyst — sourcing data, verifying claims, structuring the narrative • LP reporting — how VC funds report portfolio performance to Limited Partners • What makes an IM credible — language, data sourcing, presentation standards

Deliverable: Complete Information Memorandum — structured the way VC firms present to LPs and investment committees

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PHASE 5 — Capstone · Module 9 Bring It All Together

Module 09 — Capstone Deal Presentation 4 Hours · Recorded + Full Project

• Run a complete deal from start to finish on one case study startup • Pitch deck critique and screening decision • Teaser and Cover Note • Startup financial model and valuation report • Financial and legal due diligence summary • Written investment memo with recommendation • Full Information Memorandum

Deliverable: Complete capstone deal portfolio — pitch critique + teaser + cover note + model + valuation + DD report + investment memo + IM — analyst and portfolio ready

Course validity - One year

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Total: 40+ Hours across 9 Modules. By program end, you have run a complete private markets deal from first pitch to investment committee — the entire VC / PE / Angel analyst workflow on a real case study. Watch at your pace. Rewatch any session. Build every document.